Kinetik Holdings Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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Mar 31, 2025 · Filed May 8, 2025
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INTANGIBLE ASSETS, NET
- INTANGIBLE ASSETS, NET
Intangible assets, net, are comprised of the following:
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| (In thousands) | ||
| Customer contracts | $1,270,106 | $1,270,106 |
| Right of way assets | 214,194 | 196,979 |
| Less accumulated amortization | (850,525) | (814,595) |
| Total amortizable intangible assets, net | $633,775 | $652,490 |
On March 31, 2025, the remaining customer contract amortization terms range fromone toseventeen years with weighted average amortization periods of approximately 6.79 years and the right-of-way assets remaining amortization terms range from three months tofourteen years with weighted average amortization periods of approximately 6.57 years. The overall remaining weighted average amortization period for the intangible assets as of March 31, 2025 was approximately 6.75 years.
The Company recorded $30.6 million and $30.7 million of amortization expense for the three months ended March 31, 2025 and 2024, respectively. There wasno impairment recognized on intangible assets for the three months ended March 31, 2025 and 2024.
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